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As of September 30, 2026

Cash, cash equivalents, and short-term investments

Convertible notes payable
Redeemable convertible preferred stock, par value $0.00001 
per share: 1,040,440,652 shares authorized,            issued and 
outstanding, actual; no shares authorized, issued, and 
outstanding, pro forma and pro forma as adjusted

Stockholders’ equity (deficit):

Preferred stock, par value $0.00001 per share: no shares 
authorized, issued, and outstanding, actual; 
30,000,000,000 shares authorized, no shares issued and 
outstanding, pro forma and pro forma as adjusted

Class A common stock, par value $0.00001 per share: 
10,906,111,730 shares authorized,            shares issued and 
outstanding, actual; 300,000,000,000 shares authorized, 
           shares issued and outstanding, pro forma; and 
300,000,000,000 shares authorized,            shares issued 
and outstanding, pro forma as adjusted

Class N common stock, par value $0.00001 per share: 
7,128,888,270 shares authorized,            shares issued and 
outstanding, actual; 100,000,000,000 shares authorized, 
           shares issued and outstanding, pro forma; and 
100,000,000,000 shares authorized,            shares issued 
and outstanding, pro forma as adjusted
Class T common stock, par value $0.00001 per share: 1 
share authorized, 1 share issued and outstanding, actual, 
pro forma, and pro forma as adjusted
Class F common stock, par value $0.00001 per share: no 
shares authorized, issued, and outstanding, actual; 1 share 
authorized, 1 share issued and outstanding, pro forma and 
pro forma as adjusted
Class E common stock, par value $0.00001 per share: no 
shares authorized, issued, and outstanding, actual; 
30,000,000,000 shares authorized, no shares issued and 
outstanding, pro forma and pro forma as adjusted

Additional paid-in capital

Accumulated other comprehensive income (loss)

Accumulated deficit

Total stockholders’ equity (deficit)

Total capitalization

Actual 

Pro
Forma(1)
(in millions, except for share and per share data)
$                     
$                     

$                     

Pro
Forma As
Adjusted(2) 

$                     

$                     

$                     

______________
(1) Each $1.00 increase or decrease in the assumed initial public offering price of $           per share, which is the midpoint of the 
estimated  offering  price  range  set  forth  on  the  cover  page  of  this  prospectus,  would  increase  or  decrease,  as  applicable,  the 
amount we would be required to pay to satisfy our tax withholding and remittance obligations related to the RSU Settlement by 
$          .

(2) Each $1.00 increase or decrease in the assumed initial public offering price of $           per share, which is the midpoint of the 
estimated  offering  price  range  set  forth  on  the  cover  page  of  this  prospectus,  would  increase  or  decrease,  as  applicable,  the 
amount  of  our  pro  forma  as  adjusted  cash,  cash  equivalents,  and  short-term  investments,  additional  paid-in  capital,  total 
stockholders’ equity (deficit), and total capitalization by $          , assuming that the number of shares offered by us, as set forth 
on the cover page of this prospectus, remains the same and after deducting estimated underwriting discounts and commissions 
and estimated offering expenses payable by us. An increase or decrease of 1.0 million shares in the number of shares offered by 
us would increase or decrease, as applicable, the amount of our pro forma as adjusted cash, cash equivalents, and short-term 
investments, additional paid-in capital, total stockholders’ equity (deficit), and total capitalization by $                   , assuming the 
assumed initial public offering price remains the same, and after deducting estimated underwriting discounts and commissions 
and estimated offering expenses payable by us. 

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